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Performance At A Glance
Group Financial Highlights
  2004 2003 Change (%)
 
For the year (S$’000)      
Turnover 5,943,962 4,641,660 28
EBITDA 1,117,111 582,875 92
Profit from operations 1,015,813 470,634 116
Profit after taxation and minority interest (PATMI)      
-before exceptional items 231,680 183,685 26
-after exceptional items 395,495 285,135 39
Capital Expenditure 280,886 580,841 (52)
       
At year end (S$’000)      
Shareholders’ funds 1,958,345 1,715,676 14
Total assets 8,018,215 6,601,774 21
Net (Cash)/Borrowings (194,704) 1,374,277 NM
Free cash flow 2,007,446 530,424 278
       
Per share      
Earnings (cents)      
-before exceptional items 12.71 10.09 26
-after exceptional items 21.69 15.66 39
Net assets ($) 1.07 0.94 14
Net tangible assets (cents) 0.99 0.88 13
Gross dividends (cents) 11.25 7.00 61
Gross dividend yield (%) 6.9 5.6 23
       
Financial ratios      
Return on equity (%)      
-before exceptional items 13.1 11.4 15
-after exceptional items 21.3 17.7 20
Return on total assets (%)      
-before exceptional items 5.7 5.6 2
-after exceptional items 13.6 7.3 86
Interest cover (times) 14.9 7.4 101
Net gearing (times) Net Cash 0.6 NM
       
Productivity data (S$’000)      
Economic value added 311,033 91,008 242